Advanced Micro Devices, Inc. (NASDAQ:AMD) Short Interest Down 8.8% in November

Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report) saw a significant decrease in short interest during the month of November. As of November 30th, there was short interest totalling 45,030,000 shares, a decrease of 8.8% from the November 15th total of 49,390,000 shares. Based on an average daily volume of 34,410,000 shares, the short-interest ratio is currently 1.3 days.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, CEO Lisa T. Su sold 80,000 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $143.87, for a total value of $11,509,600.00. Following the transaction, the chief executive officer now directly owns 3,566,762 shares in the company, valued at approximately $513,150,048.94. This trade represents a 2.19 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Forrest Eugene Norrod sold 40,540 shares of Advanced Micro Devices stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total value of $5,743,301.80. Following the completion of the sale, the executive vice president now directly owns 293,347 shares of the company's stock, valued at $41,558,469.49. This trade represents a 12.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 197,036 shares of company stock worth $28,165,821. Insiders own 0.73% of the company's stock.

Institutional Investors Weigh In On Advanced Micro Devices

Several hedge funds have recently bought and sold shares of the company. Christopher J. Hasenberg Inc boosted its position in shares of Advanced Micro Devices by 12.0% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 560 shares of the semiconductor manufacturer's stock valued at $97,000 after purchasing an additional 60 shares in the last quarter. Wealth Effects LLC lifted its stake in Advanced Micro Devices by 0.7% in the third quarter. Wealth Effects LLC now owns 9,419 shares of the semiconductor manufacturer's stock valued at $1,545,000 after buying an additional 65 shares during the period. Jacobsen Capital Management lifted its stake in Advanced Micro Devices by 2.1% in the third quarter. Jacobsen Capital Management now owns 3,378 shares of the semiconductor manufacturer's stock valued at $554,000 after buying an additional 70 shares during the period. Sigma Investment Counselors Inc. boosted its holdings in shares of Advanced Micro Devices by 5.3% during the 3rd quarter. Sigma Investment Counselors Inc. now owns 1,482 shares of the semiconductor manufacturer's stock worth $243,000 after buying an additional 74 shares in the last quarter. Finally, Bedell Frazier Investment Counselling LLC grew its position in shares of Advanced Micro Devices by 4.3% during the 3rd quarter. Bedell Frazier Investment Counselling LLC now owns 1,780 shares of the semiconductor manufacturer's stock worth $292,000 after buying an additional 74 shares during the period. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Advanced Micro Devices Stock Down 2.8 %

Shares of NASDAQ:AMD traded down $3.69 during trading on Friday, hitting $126.91. 67,544,738 shares of the company were exchanged, compared to its average volume of 53,878,945. The stock has a market cap of $205.95 billion, a price-to-earnings ratio of 114.33, a P/E/G ratio of 1.88 and a beta of 1.65. The company has a current ratio of 2.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03. Advanced Micro Devices has a fifty-two week low of $121.82 and a fifty-two week high of $227.30. The firm has a fifty day moving average price of $146.72 and a two-hundred day moving average price of $151.92.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.92. The firm had revenue of $6.82 billion for the quarter, compared to analyst estimates of $6.71 billion. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The company's quarterly revenue was up 17.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.53 earnings per share. As a group, research analysts anticipate that Advanced Micro Devices will post 2.54 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have weighed in on AMD shares. UBS Group dropped their price objective on Advanced Micro Devices from $210.00 to $205.00 and set a "buy" rating for the company in a report on Wednesday, October 30th. Rosenblatt Securities restated a "buy" rating and issued a $250.00 price objective on shares of Advanced Micro Devices in a report on Monday, October 28th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $180.00 target price on shares of Advanced Micro Devices in a report on Wednesday, October 30th. Citigroup cut their price target on Advanced Micro Devices from $210.00 to $200.00 and set a "buy" rating on the stock in a research note on Wednesday, October 30th. Finally, Piper Sandler restated an "overweight" rating and issued a $180.00 price target (down from $200.00) on shares of Advanced Micro Devices in a research report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Advanced Micro Devices currently has an average rating of "Moderate Buy" and an average price target of $192.36.

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates through Data Center, Client, Gaming, and Embedded segments. The company offers x86 microprocessors and graphics processing units (GPUs) as an accelerated processing unit, chipsets, data center, and professional GPUs; and embedded processors, and semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technology, data processing unites, field programmable gate arrays (FPGA), and adaptive SoC products.